In December 2023, HEPHAISTOS completed a seed round of 4.5M€ with a European syndicate of VCs to finance its development so far. To support clinical development, HEPHAISTOS has launched a series A round of 20M€, with the support of historical VCs for 4M€ and a 5M€ ticket from the EIC fund. The objective is to close the round by the end of 2025.
Since the kickoff of the IVI-Boost project, HEPHAISTOS has been working on promoting its technology and raising awareness in the scientific, medical, industrial, investment and civil societies.
- 17 events have been covered since the beginning of IVI-Boost, with participation in round tables, pitch sessions and partnerings
- 2 scientific publications were made
- 3 communications were done - 2 interviews in newspapers + 1 press release
- 3 awards were received - Golden ticket from Amgen, Biotech winner at Hello tomorrow Global Summit, winner of Hack4Hope pediatric cancer hackathon
HEPHAISTOS also developed its network of partners with academics and industries:
- 2 Golden tickets with Amgen and Sanofi
- 2 established collaborations with pharmas
- 2 discussions for collaborations with academic units
- 4 established collaborations with European academic units
HEPHAISTOS is actively strengthening is IPR.
- Preparation of a new patent to protect our innovative manufacturing process on large-scale based on the work done in the frame of the IVI-Boost project (filing planned for Q3 2025)
- Geographic extension of our Composition of Matter and Formulation patents